Bullish on India Cements, National Fert: Technical Trends

Sudarshan Sukhani: No, I would not look at TTML but India Cements has been on my list independently as a stock that is showing some momentum, so for traders, India Cements is a buying opportunity. There is some momentum building up there.

Between the likes of a Union, IndusInd and an Allahabad Bank, would you short any of them?

Sudarshan Sukhani : I am not keen to go and short banks just now but if at all I had to, then Allahabad Bank would be the choice to short, that is if I wanted to short a bank, I would not go and sell private sector banks just now.

But if you held an Allahabad Bank and considering the level at which it has reached right now, would you recommend moving out of the counter if not go a fresh short?

Sudarshan Sukhani : No, Allahabad Bank is the weakest of the lot, so if you go short, it is possible that you can look at a price of 210 in Allahabad Bank futures, they are currently at 222.

Any of the fertiliser counters that interest you?

Sudarshan Sukhani : Yes, National Fertilisers and RCF, two PSUs that have been interesting. The only private sector company that looks attractive for trading is Chambal but if you can buy and hold for a couple of days and trade in that way, then NFL and RCF are attractive.